Naver

Naver Corporation is a South Korean internet conglomerate headquartered in Seongnam, in the greater Seoul metropolitan area. Its principal consumer brand, Naver, began as a domestic search portal in 1999 and developed into one of South Korea’s most influential digital platforms. Rather than operating only as a search engine, Naver combines search, news, maps, email, blogs, online communities, knowledge-sharing, shopping, payments, media distribution and entertainment in a tightly integrated ecosystem tailored to Korean language, culture and consumer behavior. The company was founded by Lee Hae-jin in June 1999 under the name Naver Comm. One of its early differentiators was its ability to organize results from multiple content formats, including webpages, news, images, blogs and online communities, on one search-results page. Naver also launched Junior Naver, a children’s portal, and later introduced Knowledge iN, a user-generated question-and-answer service that helped establish the company as an early large-scale adopter of participatory content. Naver Cafe and Naver Blog extended this model by allowing users to form topic-based communities and publish personal or specialist material. The company’s corporate history is closely connected with Hangame, a Korean online-game business. After merging with Hangame and related companies in 2000, Naver changed its corporate name to NHN in 2001. For more than a decade, search and games operated within the same corporate structure. In 2013, NHN separated its portal and game businesses. The internet and search business resumed the Naver Corporation name, while the former Hangame operations became associated with NHN Entertainment. Since the 2013 separation, Naver has broadened its business portfolio substantially. Its commerce activities include search-linked shopping, seller tools, live commerce and Naver Pay. Its content businesses include Naver Webtoon, web novels, Studio N and international storytelling assets such as Wattpad. Naver has also participated in the global messaging and entertainment ecosystem through LINE-related holdings and investments, although the corporate structures around LINE and Yahoo Japan have changed over time. The company acquired Poshmark in 2023, adding a North American social-commerce and fashion resale platform to its broader commerce strategy. Technology and infrastructure are central to Naver’s positioning. NAVER Cloud operates cloud infrastructure, enterprise software, data centers and artificial-intelligence services, including the HyperCLOVA and HyperCLOVA X large-language-model platforms. Naver Labs conducts research in artificial intelligence, robotics, autonomous systems, mapping and spatial computing. The company’s GAK data centers and its robot-oriented 1784 headquarters reflect a strategy of owning or developing infrastructure that can support high-volume consumer services and advanced technology research. Naver’s product portfolio also includes Papago machine translation, Whale web browser, the CLOVA artificial-intelligence platform, Naver Maps, Naver TV, NOW., VIBE, Naver Dictionary, Naver Encyclopedia, BAND and SNOW-related services. Some historically important products have been discontinued, transferred or reorganized. V Live, for example, was transferred to Weverse Company and shut down after integration with Weverse in December 2022. Junior Naver’s service was sunset on May 27, 2025. As of 2024, the company reported approximately KRW 10.7 trillion in total revenue and 4,535 employees excluding affiliates, according to its corporate overview. Under CEO Choi Soo-yeon and founder and board chair Lee Hae-jin, Naver presents itself as a technology company seeking to connect users, creators, merchants and businesses through AI-enhanced search, commerce, content and cloud infrastructure. Its strategic identity is therefore broader than that of a conventional portal: it is a Korea-centered digital ecosystem with global ambitions in story…

Naver’s history began in June 1999, when Lee Hae-jin established Naver Comm and launched the Naver search portal in South Korea. The company also introduced Junior Naver, a children’s portal, and later that year launched the Hangame game portal. In 2000, Naver acquired or merged with Hangame Communications, One-Cue and Search Solutions. The combination gave the young company both a search business and a substantial online-games operation. A key early innovation was Naver’s integrated-search model, introduced in August 2000. Instead of treating the web as a single list of pages, the service organized results by content type, including news, images, blogs, cafes and other specialized categories. This approach helped Naver adapt search to the Korean-language web and encouraged users to create content inside Naver’s own services. In 2001, the company changed its corporate name to NHN, short for Next Human Network, while continuing to operate the Naver and Hangame brands. NHN expanded its service portfolio during the early 2000s. It listed on KOSDAQ in 2002 and introduced Knowledge iN, a question-and-answer platform built around user participation and community reputation. It consolidated Japanese operations into NHN Japan in 2003, launched the webtoon service in 2004, and established Happy Bean, an online donation portal, in 2005. The company also created NHN USA and pursued international gaming and search initiatives. Naver’s increasing market capitalization led to its transfer from KOSDAQ to the KOSPI market in November 2008. The company expanded its infrastructure and mobile capabilities in the late 2000s and early 2010s. It moved into the Green Factory headquarters in Seongnam in 2010. In 2011, NHN Japan launched LINE, which became a major messaging platform in Japan and several Southeast Asian markets. Naver also developed mobile and social products such as BAND and later created affiliates focused on mobile applications, visual communication and international services. The most important corporate restructuring occurred in 2013. NHN separated its portal and game operations after 13 years of combined development. The portal and technology business resumed the Naver Corporation name on October 1, 2013, while the game business became associated with NHN Entertainment. In the same period, Naver established LINE Plus and Camp Mobile and completed Data Center GAK in Chuncheon, strengthening its control over infrastructure and overseas mobile operations. From 2014 through 2018, Naver developed a more diversified technology and content group. It expanded Naver Pay, launched Works Mobile for business collaboration, acquired the education platform Entry Korea, separated SNOW into its own company, established Naver Labs and Naver Webtoon as specialized affiliates, and acquired Xerox Research Centre Europe, which became NAVER LABS Europe. Naver also established Space Green at Station F in Paris to support startups and launched Naver Z and the Zepeto metaverse platform. The company’s international strategy accelerated during the 2020s. Naver Financial was established in 2019, while artificial-intelligence initiatives such as HyperCLOVA reinforced the company’s ambition to build proprietary language and recommendation technologies. In 2021, Naver completed the acquisition of Wattpad and participated in the integration of LINE and Yahoo Japan through the A Holdings and Z Holdings structures. It also partnered with CJ ENM on the acquisition of Munpia, a Korean web-novel platform, and pursued closer links with global entertainment platforms. Naver’s content strategy expanded through the combination of webtoons, web novels and screen adaptations. In 2021, Naver announced a merger of Webtoon Studio and Wattpad Studio into Wattpad Webtoon Studios, seeking to turn creator-generated stories into films, series, animations and other forms of intellectual property. In 2022, the company moved into its second headquarters, 1784, designed around robots, cloud systems, artificial intelligence and autonomous technologies. The same period saw the transfer and eventual closure of V Live after its integration with Weverse. In 2023, Naver completed the acquisition of Poshmark, extending its commerce portfolio into North American fashion resale and community-driven social shopping. It also participated in the launch of LY Corporation in Japan and opened the GAK Sejong data center. In 2024, NAVER Webtoon listed on Nasdaq, providing a public-market platform for one of Naver’s most important global growth businesses. By 2026, Naver continued to emphasize artificial intelligence, cloud infrastructure, search transformation and global technology partnerships while retaining search, commerce, content and fintech as the core pillars of its ecosystem.

1. 2026Naver deepens global AI infrastructure strategy

   Naver announces continued emphasis on AI factories, cloud infrastructure and cooperation with NVIDIA.

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2. 2025Junior Naver is sunset

   The long-running children’s portal service ends operation on May 27, 2025.

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3. 2024NAVER Webtoon lists on Nasdaq

   The webtoon business reaches the public markets as part of Naver’s international content strategy.

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4. 2023Poshmark acquisition closes

   Naver completes its acquisition of the North American social-commerce and fashion-resale platform Poshmark.

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5. 2023GAK Sejong data center is established

   Naver opens its second major data center to support cloud, AI and consumer-service capacity.

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6. 20221784 headquarters opens

   Naver moves into 1784, a technology-oriented headquarters designed around robots, cloud, AI and autonomous systems.

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7. 2021Wattpad acquisition is completed

   Naver completes the acquisition of the global web-novel platform Wattpad.

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8. 2021LINE and Z Holdings integrate

   Naver and SoftBank combine their interests in a Japanese digital-platform structure involving LINE and Yahoo Japan.

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9. 2019NAVER Financial is established

   Naver creates a dedicated fintech affiliate to develop payment and financial services.

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10. 2018Zepeto and Naver Z are launched

    Naver establishes a metaverse-focused division and launches Zepeto.

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11. 2017Naver Webtoon and Naver Labs become specialized affiliates

    The company separates key content and research activities into dedicated affiliates and acquires Xerox Research Centre Europe.

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12. 2015Naver Pay and Works Mobile expand the ecosystem

    Naver launches or expands major fintech and enterprise-collaboration services.

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13. 2013NHN separates its portal and game businesses

    The portal business becomes Naver Corporation again, while the former Hangame business becomes NHN Entertainment.

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14. 2013Data Center GAK Chuncheon is completed

    Naver completes its first proprietary data center, strengthening control over user data and service infrastructure.

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15. 2011LINE launches in Japan

    NHN Japan launches LINE, which grows into a major messaging and digital-services platform in Asia.

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16. 2010Green Factory becomes the headquarters

    Naver moves into its major Seongnam headquarters, later known as the Green Factory.

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17. 2008Transfer to KOSPI

    NHN transfers its listing from KOSDAQ to the Korea Composite Stock Price Index market.

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18. 2005Happy Bean launches

    Naver launches an online donation portal connecting users with charitable causes and organizations.

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19. 2004Naver Webtoon launches

    Naver enters online comics with a vertically scrolling, regularly updated webtoon service.

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20. 2002NHN lists on KOSDAQ and launches Knowledge iN

    The company becomes publicly traded and introduces its user-generated question-and-answer service.

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21. 2001Corporate name changes to NHN

    Naver Comm adopts the NHN name while continuing to operate Naver and Hangame as major consumer brands.

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22. 2000Integrated search is introduced

    Naver begins presenting results across categories such as webpages, news, images, blogs and communities on one search page.

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23. 1999Naver Comm and the Naver portal are established

    Lee Hae-jin establishes Naver Comm and launches the Naver search portal and Junior Naver in South Korea.

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A Korea-centered, technology-led digital ecosystem combining search, locally relevant content, commerce, payments, entertainment, cloud infrastructure, enterprise software, creator tools and artificial intelligence. Naver competes through integration, language and cultural localization, user-generated content, creator communities and technology ownership rather than relying on a single product category.

• Naver SearchSearch and portal1999

  Naver Search is the company’s foundational consumer service. It combines web search with Korean-language news, maps, images, shopping, blogs, cafes, knowledge content and other vertical results. Its integrated-search design helped Naver compete effectively in a market where locally created content, language nuance and community information are especially important. Search also supplies the user-intent and advertising foundation for Naver’s commerce, content and recommendation businesses.

• Naver Knowledge iNUser-generated knowledge2002

  Knowledge iN is a community question-and-answer service launched in 2002. Users submit questions, contribute answers and receive recognition for helpful participation. The service expanded into open-dictionary and expert-answer functions, helping Naver build a large searchable corpus of practical, localized information. It represents one of the company’s clearest examples of using community participation to improve portal usefulness and search depth.

• Naver Cafe and Naver BlogOnline communities and publishing

  Naver Cafe enables users to create topic-based communities, while Naver Blog provides personal and specialist publishing tools. Together they form a major user-generated-content layer within the Naver ecosystem. Their value comes from persistent Korean-language communities, reviews, guides, fan activity and specialist discussion, all of which can also be discovered through Naver Search.

• Naver WebtoonDigital comics and entertainment2004

  Naver Webtoon is the company’s digital-comics platform and one of its most important global content businesses. It popularized a vertically scrolling format, regular serialized updates and mobile-first reading. The platform supports creator discovery, paid content, translation and intellectual-property development. Webtoon stories have been adapted into television series, films, animation and games, making the service both a consumer product and a source of entertainment IP.

• WattpadWeb novels and social storytelling2006

  Wattpad is a global social storytelling platform acquired by Naver in 2021. It allows writers to publish serial fiction and readers to discover, comment on and follow stories. Combined with Naver Webtoon, Wattpad provides access to a large international creator community and a pipeline of stories that can be developed into books, films, television programs, animation and other formats.

• Naver PayFintech and payments2015

  Naver Pay is Naver’s online-checkout and mobile-payment service. It connects shopping, merchant tools, rewards and payment functions within the wider Naver platform. The service benefits from Naver’s large search and commerce user base and supports the company’s strategy of turning consumer discovery into transaction activity.

• NAVER CloudCloud computing and enterprise technology

  NAVER Cloud provides infrastructure, platform and business software services for Naver, its affiliates and external customers. Its portfolio includes cloud computing, data-center capacity, AI services, HyperCLOVA X and NAVER WORKS collaboration tools. The affiliate is also responsible for operating and commercializing technology developed through Naver’s infrastructure and AI investments.

• PapagoArtificial intelligence and translation2017

  Papago is Naver’s AI-based translation service. It uses neural machine-translation technology to translate text, speech and images across a range of languages, with particular strength in Korean, English, Japanese and Chinese use cases. Papago demonstrates Naver’s effort to turn its language and machine-learning research into consumer-facing tools.

• CLOVA and CLOVA smart devicesArtificial intelligence and smart devices2017

  CLOVA is Naver’s artificial-intelligence platform combining speech recognition, image recognition, neural translation and conversational functions. It has powered services and devices including CLOVA Speaker, WAVE, Friends and CLOVA Clock, as well as integrations with Naver and LINE products. Although smart speakers are only one part of the platform, they illustrate Naver’s attempt to extend its AI ecosystem into homes and third-party hardware.

• Whale BrowserWeb browser2017

  Whale is Naver’s web browser, designed around multitasking, split-screen workflows and AI-assisted features. It was developed over several years before its formal PC release in 2017. Whale gives Naver a direct software presence beyond its portal and allows the company to integrate search, translation, media and productivity functions at the browser level.

• BANDSocial networking2012

  BAND is a closed-group social-networking application originally developed by Camp Mobile. It allows users to create private or semi-private groups organized around schools, workplaces, clubs, families and shared interests. The service expanded internationally and became one of Naver’s durable mobile-community products, even as Camp Mobile itself was later merged back into Naver.

• V LiveLive streaming and entertainment2015

  V Live was a global live-streaming platform focused particularly on musicians, celebrities and K-pop fandoms. It supported live broadcasts, original programs and fan-created subtitles. Naver transferred the service to Weverse Company in 2022, and V Live ceased operation after the integration with Weverse on December 31, 2022.

• PoshmarkSocial commerce and fashion resale2011

  Poshmark is a U.S.-based social-commerce marketplace acquired by Naver in 2023. It combines peer-to-peer fashion resale with social feeds, seller communities, discovery and live-shopping features. The acquisition broadened Naver’s commerce strategy from search-driven Korean shopping into a global community and recommerce model.

• Junior NaverChildren’s portal1999

  Junior Naver was a children’s search and entertainment portal launched alongside Naver in 1999. It offered age-oriented educational material, stories, songs, games and character content, together with parental controls. The service’s Gameland component ended earlier, and the broader Junior Naver service was sunset on May 27, 2025.

• 2017Space Green

  France · Europe

  Space Green was established inside Station F in Paris as a startup-support and collaboration space associated with Naver. It provided a European base for engagement with entrepreneurs, researchers and emerging technology companies.

  Outcome. The initiative increased Naver’s visibility in the European startup and technology community and complemented its research presence in France.

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• 2016Project Flower

  South Korea

  Project Flower was designed to support small businesses, independent merchants and creators through Naver’s commerce, content and technology ecosystem. The initiative reflected a strategy of strengthening the long tail of sellers and creators rather than focusing only on large enterprises.

  Outcome. The program reinforced Naver’s positioning as an infrastructure and distribution partner for small businesses and digital creators.

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• 2005Happy Bean

  South Korea

  Happy Bean was launched as an online donation portal connecting users with charitable organizations and social causes. It extended Naver’s portal role into digital philanthropy and made online donations a visible part of the company’s ecosystem.

  Outcome. It became one of Naver’s long-running social-impact services and a recognizable example of using platform reach for public-interest activity.

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• 2026Pursue a global AI-factory and cloud infrastructure strategyStrategy

  Rapid growth in demand for GPUs, foundation models and enterprise AI created an opportunity for Naver to combine its cloud infrastructure, data centers, AI models and technology partnerships.

  What changed. Naver continued developing large-scale AI infrastructure and discussed a global collaboration roadmap with NVIDIA.

  Aftermath. The strategy positioned NAVER Cloud and the wider Naver group as infrastructure and platform participants in the international AI market.

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• 2023Expand generative-AI search and HyperCLOVA XStrategy

  Naver sought to adapt its search and portal model to generative AI while retaining the local content, commerce and service integrations that distinguish its ecosystem.

  What changed. The company expanded HyperCLOVA X and introduced generative-AI functionality in search, including chat-oriented search experiences.

  Aftermath. AI became a central pillar of Naver’s search, cloud, enterprise-software and consumer-product roadmap.

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• 2022Transfer V Live to Weverse CompanyM&A

  Naver and HYBE sought to combine complementary entertainment technologies and fandom platforms.

  What changed. Naver transferred V Live to Weverse Company after investing in HYBE’s technology subsidiary and acquiring a minority stake.

  Aftermath. V Live was integrated into Weverse and discontinued as a standalone service on December 31, 2022.

  Naver investment in Weverse Company. KRW 354.8 billion for a 49% stake (Announced January 2021; transaction associated with 2022 service transfer)

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• 2022Acquire PoshmarkM&A

  Naver wanted to extend its commerce strategy into global fashion recommerce and social shopping, particularly in North America.

  What changed. Naver agreed to acquire all outstanding Poshmark shares for USD 17.90 per share in cash. The transaction closed in January 2023.

  Aftermath. Poshmark became a standalone Naver subsidiary while retaining its brand, community, headquarters and management. Naver gained a major North American social-commerce asset.

  Enterprise value. Approximately USD 1.2 billion (Agreement announced October 3, 2022; acquisition completed January 2023)

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• 2021Acquire WattpadM&A

  Naver sought to establish a stronger global storytelling and intellectual-property position by combining its webtoon business with a large international web-novel community.

  What changed. Naver agreed to acquire 100 percent of Wattpad and completed the transaction in May 2021.

  Aftermath. The acquisition expanded Naver’s creator base and supported the formation of Wattpad Webtoon Studios, which develops adaptations from webtoon and web-novel properties.

  Acquisition consideration. Approximately USD 600 million (Announced and completed in 2021)

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• 2021Integrate LINE and Z Holdings businessesM&A

  Naver and SoftBank sought to combine LINE’s messaging and regional platform presence with Yahoo Japan’s internet and commerce assets.

  What changed. Naver and SoftBank established a joint holding structure in which each held an equal stake in A Holdings, the parent of Z Holdings.

  Aftermath. The integration created a larger Japanese and Asian digital-services group. In 2023, the operating structure was reorganized under LY Corporation.

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• 2013Separate Naver’s portal business from HangameStrategy

  Naver and Hangame had operated together under NHN for approximately 13 years, but the businesses had different strategic priorities and competitive environments.

  What changed. NHN divided into Naver Corporation and NHN Entertainment. Naver restored its pre-NHN corporate identity, while the game business continued separately.

  Aftermath. The separation allowed Naver to focus on search, advertising, mobile services, content, commerce and technology infrastructure while the former Hangame operations pursued an independent games strategy.

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• 2026NAVER reports second-quarter 2026 revenue of KRW 3.3888 trillion

  Naver reported second-quarter 2026 revenue of KRW 3.3888 trillion and operating profit of KRW 520.3 billion, highlighting continuing growth across its internet, commerce, content, fintech, cloud and artificial-intelligence businesses.

  OtherPricing
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• 2026Naver holds its 27th annual general meeting

  Shareholders approved all five agenda items, including the appointment of CFO Kim Hee-cheol as an inside director and the continuation of Choi Soo-yeon’s leadership.

  Leadership changeOther
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• 2026Lee Hae-jin and Jensen Huang announce an AI-factory partnership roadmap

  Naver chairman Lee Hae-jin and NVIDIA CEO Jensen Huang discussed cooperation around large-scale AI infrastructure, GPU capacity and global go-to-market opportunities during Huang’s visit to Naver’s 1784 headquarters.

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• 2024NAVER Webtoon lists on Nasdaq

  NAVER Webtoon became a publicly listed company on Nasdaq, marking a major step in the internationalization of Naver’s webtoon and digital-storytelling business.

  M&AOther
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• 2023Naver completes acquisition of Poshmark

  Naver completed its acquisition of Poshmark, creating a combined portfolio in social commerce, fashion resale and community-driven online shopping.

  M&A
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• 2023LINE and Yahoo Japan businesses move into the LY Corporation structure

  The Japanese businesses associated with LINE and Yahoo Japan were reorganized under LY Corporation, following the earlier integration of LINE Corporation and Z Holdings.

  M&A
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• 2022V Live is transferred to Weverse Company

  Naver transferred its V Live streaming service to Weverse Company as part of a broader entertainment-technology partnership. V Live later ceased operation after integration with Weverse.

  M&AProduct generation
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• 2021Naver completes acquisition of Wattpad

  Naver completed its acquisition of Wattpad, combining the web-novel platform with Naver Webtoon and expanding the company’s global creator, storytelling and intellectual-property ecosystem.

  M&A
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1. NAVER Corporation official company overview
2. NAVER official corporate history
3. NAVER official affiliates overview
4. NAVER corporate governance and 2026 annual meeting materials
5. NAVER Q2 2026 earnings release
6. NAVER completes Wattpad acquisition
7. NAVER announces Poshmark acquisition
8. NAVER completes Poshmark acquisition
9. Naver Corporation article
10. Naver deepens global AI infrastructure strategy
11. Naver holds its 27th annual general meeting